For latest version: please go to https://academicentrepreneurship.pubpub.org/pub/6sfwugv5/release/5 The startup team built in the early phases of commercialization can be a critical determinant in a company’s future success. A primary technological and/or scientific founder should be established, along with a CEO who can assist with business planning. Secondary team members such as marketing and regulatory personnel, should be brought on, if applicable. Tertiary team members and consultants can include entrepreneurs in residence, human resources, business lawyers, software engineers and scientific advisory boards. Creative employee compensation strategies should be considered in order to maximize limited financial resources.